🎁🎁2100x profit in 3 hours: Unbelievable event from young trader!🎁🎁

A memecoin investor made nearly $1 million in profit in three hours with just 2 Solana (SOL).

This remarkable gain was shared in a Nov. 20 X (formerly Twitter) post by on-chain analytics firm Lookonchain. The investor was trading a newly created memecoin, Gen Z Quant (QUANT). It turned out that this token, which was released through Solana's memecoin creation platform Pump.fun, was initially intended to be a rug pull. Rug pull is a type of scam where developers abandon the project and steal investors' funds.

Although tokens like QUANT are known for their extreme volatility, they continue to attract investors looking for quick profits. QUANT was created on Nov. 20 by a wallet called "Fi2h." According to Lookonchain’s report, a child created QUANT live and sold all his tokens for 128 SOL (about $30,000). The child made a profit of $29.6 thousand after selling 51 million QUANT tokens. He then created new tokens called “lucy” and “sorry” and earned 103 SOL (about $24,000) from these tokens.

Even though the developer sold all his tokens and withdrew liquidity, the memecoin community continued to invest in QUANT. According to GeckoTerminal data, the market value of the memecoin has exceeded $1 million. With the community’s adoption of this token, QUANT attracted attention and became the talk of many crypto investors. The child who created the token received a lot of criticism on social media. The child, who was watched by a few people while doing a rug pull on the live broadcast, became known by thousands of people after the incident exploded.

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